tywiesz Posted May 28, 2018 Share Posted May 28, 2018 Hi, does anybody know this High income threshold definition? It says: " The amount of money earned by an employee before the relevant award stops applying to them. " It is funny how they describe it "money earned ", what's that? Wages or Salary I guess both, but is it gross being money flowing in before the overhead is deducted or after that, or is it the taxable income than? Or income after tax is deducted, that's what's left at the end of the day in the account? I'm thinking one can earn 100$/hr, after overhead and tax deduction it could be 3$/hr is that it? Regards T Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted June 4, 2018 Share Posted June 4, 2018 On 28/05/2018 at 13:31, tywiesz said: Hi, does anybody know this High income threshold definition? It says: " The amount of money earned by an employee before the relevant award stops applying to them. " It is funny how they describe it "money earned ", what's that? Wages or Salary I guess both, but is it gross being money flowing in before the overhead is deducted or after that, or is it the taxable income than? Or income after tax is deducted, that's what's left at the end of the day in the account? I'm thinking one can earn 100$/hr, after overhead and tax deduction it could be 3$/hr is that it? Regards T I recommend that you post your enquiry on the correct forum - this is a forum for business owners and investors. You are - I think - referencing an employer sponsored visa. Best regards. Quote Link to comment Share on other sites More sharing options...
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